Several major retailers currently struggling in the current climate include Macy’s, JCPenney, Sears, Kohl’s and others.

The New York Times reported that traditional high-end retailers are also facing the strong competition from off-price physical stores like T.J. Maxx.

Neiman Marcus said as part of a financial disclosure that it is evaluating its strategic options. The company is burdened by $5 billion in debt and declining sales. Finding a buyer is among several options it is exploring.

Hudson’s Bay said in a statement that it did not discuss “market rumors.” It did however say, “Generally speaking, as we have previously stated, we selectively evaluate opportunities to accelerate the company’s strategic growth while maintaining or enhancing its credit profile.”